Raoul Weil, a former UBS banker charged by U.S. authorities five years ago for allegedly helping rich Americans dodge taxes via secret Swiss bank accounts, has agreed to go to the United States to face trial after being arrested in Italy, Weil's lawyer and judicial sources told Reuters.

Credit Suisse will stay 'very active' in government bonds after shrinking some parts of its fixed-income business because its customers demand access to those markets, its head of European rates trading said.

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Regulations surrounding bankers' pay, particularly the EU bonus cap, have lead to fixed salaries representing a higher proportion of total pay packets, meaning financial institutions are less capable of reacting to a downturn, the Bank of England has warned.